STOUGHTON – The town is ready to move on from the structural issues and outdated facilities at Stoughton High School.

The next step in massive renovations, or more likely, a new building, came Tuesday when the Massachusetts School Building Authority approved a feasibility study on replacing or renovating the 91-year-old school.

“It’s a huge lift for the entire town, even those who may not have students,” said Superintendent Dr. Marguerite Rizzi, of the potential of a new school.

The study, which Rizzi said could take between 8 months to a year to complete, will look at possible renovations as well as the needs of the community and sites for a new facility.

With structural issues at the current location, which was built in 1923, a new building may be the most cost-efficient option.

“The old building is obsolete in a lot of ways,” Rizzi said.

To get approval from the MSBA, the Town of Stoughton presented demographics, statistics and enrollment projections. The town also created a required building committee. All of the steps were completed ahead of deadline.

Stoughton is also ahead of other communities in that the town’s side of funding for feasibility study is already secured.

In 2012, Town Meeting approved up to $1 million for the study.

With the partnership, the MSBA will reimburse Stoughton for 57 percent of the feasibility study cost.

“We are committed to working with Stoughton officials to find the best alternative for the Stoughton High School," said State Treasurer Steven Grossman, chairman of the MSBA. "This collaboration will develop a cost-effective solution that ensures Stoughton students can develop and flourish in a state-of-the art, 21st century learning environment."

Supertintendent Rizzi, Joaquin Soares of

the School Committee and Ted Phillips, from State Representative Louis Kafka’s